Saturday, April 4, 2009

Tessera Announces Executive Changes

SAN JOSE, Calif. – April. 3, 2009 – Tessera Technologies, Inc. (Nasdaq: TSRA) today announced two key executive transitions, effective immediately. Bruce McWilliams, chief strategy officer, will leave his day-to-day role to pursue other opportunities, but will continue to serve as chairman of the Tessera board of directors. His responsibilities for developing company strategy will be assumed by John Keating, senior vice president of corporate development.

Scot Griffin, executive vice president of Tessera’s Micro-electronics business, will leave the company to pursue other business opportunities. Leadership of the Micro-electronics business will be assumed by Craig Mitchell, senior vice president of Interconnect, Components and Materials; and by Brian Marcucci, senior vice president of Business Development & Licensing. Responsibility for litigation and other IP protection activity related to the Micro-electronics business has been assumed by Bernard J. “Barney” Cassidy, general counsel and senior vice president, who joined Tessera in November of 2008. Griffin will continue as a consultant to the company regarding IP strategy for a period of three months.